Stocks to trade today: Trade Brains Portal recommends two stocks for 11 June

Sensex Snaps Winning Streak, Nifty Holds Steady

Tuesday, June 10th saw a mixed performance for Indian stock markets. The benchmark Sensex ended its four-day rally, closing down 53 points (0.06%) at 82,391.72. However, the Nifty 50 bucked the trend, finishing up 1 point at 25,104.25.

This slight dip in the Sensex was attributed to profit-booking by investors.

Trade Brains Portal's Top Stock Picks (June 9th)

Trade Brains Portal, a SEBI-registered research analyst (INH000015729), highlighted two promising stocks from the fertilizers & agrochemicals sector:

• PI Industries Ltd (PIIL)

  • Current Price: ₹3,920
  • Target Price (12 months): ₹4,660
  • Stop-loss: ₹3,550
  • Recommendation Rationale: PIIL, a global player with operations spanning 40+ countries, boasts impressive growth. FY25 saw a 4% YoY revenue increase (₹7,978 crore) and a strong PAT of ₹1,660 crore. The company is strategically transitioning from an agri-sciences company to a life sciences platform, targeting significant revenue growth in FY26 (projected >75%). Key highlights include reduced inventory levels, increased gross margins, and a substantial order book ($1.3 billion).
  • Risk Factor: Intense competition within the agrochemical sector and adherence to stringent environmental regulations.

• Godrej Agrovet Ltd

  • Current Price: ₹806
  • Target Price (12 months): ₹980
  • Stop-loss: ₹719
  • Recommendation Rationale: This diversified agribusiness company, a part of the Godrej Group, holds leading positions in various segments, including animal feed and vegetable oil. FY25 saw improved EBITDA margins despite flat revenue, driven by strong performance in the vegetable oil segment. The company projects 16-18% revenue growth in FY26.
  • Risk Factor: Vulnerability to raw material price fluctuations and dependence on favorable monsoon conditions.

Market Overview

The Nifty 50 traded above its 20-day EMA throughout the day, opening at 25,196 and closing at 25,104.25. The Sensex followed a similar pattern, opening at 82,643.73 and closing at 82,391.72. Both indices remained above all four EMAs (20/50/100/200), with RSI values indicating a healthy market. The dip was mainly due to profit-booking after recent optimistic trends.

• Top Sectoral Gainer: Nifty IT (+1.67%), with significant gains in key IT stocks.
• Top Sectoral Loser: Nifty Realty (-1.14%), largely influenced by declines in Macrotech Developers and Prestige Estates.

Global Market Snapshot

Asian markets displayed mixed performance, with the Hong Kong Hang Seng trading flat, South Korea's Kospi showing gains, and the Shanghai and US Dow Jones Futures exhibiting a flat trend. This reflects ongoing US-China trade discussions.

Disclaimer: Trade Brains Portal (Dailyraven Technologies Pvt. Ltd.) is a SEBI-registered research analyst. Investments in securities are subject to market risks. Read all related documents carefully before investing. SEBI registration and NISM certification do not guarantee performance or returns.